NextTrip Inc (NTRP) - Net Assets
Based on the latest financial reports, NextTrip Inc (NTRP) has net assets worth $6.28 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.42 Million) and total liabilities ($8.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read debt load of NextTrip Inc for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.28 Million |
| % of Total Assets | 43.5% |
| Annual Growth Rate | 51.97% |
| 5-Year Change | -42.73% |
| 10-Year Change | -57.72% |
| Growth Volatility | 195.11 |
NextTrip Inc - Net Assets Trend (2001–2024)
This chart illustrates how NextTrip Inc's net assets have evolved over time, based on quarterly financial data. Also explore NextTrip Inc (NTRP) total assets for the complete picture of this company's asset base.
Annual Net Assets for NextTrip Inc (2001–2024)
The table below shows the annual net assets of NextTrip Inc from 2001 to 2024. For live valuation and market cap data, see market value of NextTrip Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.37 Million | +135.45% |
| 2023-12-31 | $3.13 Million | -38.36% |
| 2022-12-31 | $5.07 Million | 0.00% |
| 2022-09-30 | $5.07 Million | -60.54% |
| 2021-12-31 | $12.86 Million | 0.00% |
| 2021-09-30 | $12.86 Million | +149.04% |
| 2020-12-31 | $5.16 Million | 0.00% |
| 2020-09-30 | $5.16 Million | +691.68% |
| 2019-12-31 | $652.25K | -96.26% |
| 2019-09-30 | $17.42 Million | -34.32% |
| 2018-12-31 | $26.52 Million | +78.16% |
| 2017-12-31 | $14.89 Million | -36.94% |
| 2016-12-31 | $23.60 Million | +100.18% |
| 2015-12-31 | $11.79 Million | +71.59% |
| 2014-12-31 | $6.87 Million | +436.73% |
| 2013-12-31 | $1.28 Million | +129.54% |
| 2012-12-31 | $557.77K | +29.61% |
| 2010-12-31 | $430.36K | +1693.21% |
| 2009-12-31 | $-27.01K | -14.32% |
| 2008-12-31 | $-23.63K | -47.80% |
| 2007-12-31 | $-15.99K | -26.97% |
| 2006-12-31 | $-12.59K | -100.70% |
| 2005-12-31 | $-6.27K | -7644.44% |
| 2004-12-31 | $-81.00 | +85.96% |
| 2003-12-31 | $-577.00 | -224.35% |
| 2002-12-31 | $464.00 | -4.53% |
| 2001-12-31 | $486.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to NextTrip Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3432746100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.66K | 0.02% |
| Other Components | $41.71 Million | 566.37% |
| Total Equity | $7.37 Million | 100.00% |
NextTrip Inc Competitors by Market Cap
The table below lists competitors of NextTrip Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pharmx Technologies Ltd
AU:PHX
|
$37.33 Million |
|
Medicamen Biotech Limited
NSE:MEDICAMEQ
|
$37.33 Million |
|
Aarti Surfactants Limited
NSE:AARTISURF
|
$37.34 Million |
|
Modi Rubber Limited
NSE:MODIRUBBER
|
$37.36 Million |
|
MicroAlgo Inc.
NASDAQ:MLGO
|
$37.31 Million |
|
Janover Inc. Common Stock
NASDAQ:JNVR
|
$37.31 Million |
|
FibroGen Inc
NASDAQ:FGEN
|
$37.30 Million |
|
IL&FS Engineering and Construction Company Limited
NSE:IL&FSENGG
|
$37.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NextTrip Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,128,029 to 7,365,067, a change of 4,237,038 (135.5%).
- Net loss of 10,120,084 reduced equity.
- New share issuances of 2,450,000 increased equity.
- Other factors increased equity by 11,907,122.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.12 Million | -137.41% |
| Share Issuances | $2.45 Million | +33.27% |
| Other Changes | $11.91 Million | +161.67% |
| Total Change | $- | 135.45% |
Book Value vs Market Value Analysis
This analysis compares NextTrip Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 256.50x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.01 | $2.75 | x |
| 2004-12-31 | $-0.02 | $2.75 | x |
| 2005-12-31 | $-1.34 | $2.75 | x |
| 2006-12-31 | $-2.68 | $2.75 | x |
| 2007-12-31 | $-3.41 | $2.75 | x |
| 2008-12-31 | $-5.04 | $2.75 | x |
| 2009-12-31 | $-5.76 | $2.75 | x |
| 2010-12-31 | $74.74 | $2.75 | x |
| 2011-12-31 | $0.62 | $2.75 | x |
| 2012-12-31 | $52.14 | $2.75 | x |
| 2013-12-31 | $104.53 | $2.75 | x |
| 2014-12-31 | $450.38 | $2.75 | x |
| 2015-12-31 | $757.27 | $2.75 | x |
| 2016-12-31 | $1510.70 | $2.75 | x |
| 2017-12-31 | $676.11 | $2.75 | x |
| 2018-12-31 | $768.96 | $2.75 | x |
| 2019-12-31 | $11.09 | $2.75 | x |
| 2020-12-31 | $26.97 | $2.75 | x |
| 2021-12-31 | $26.17 | $2.75 | x |
| 2022-12-31 | $9.67 | $2.75 | x |
| 2023-12-31 | $13.70 | $2.75 | x |
| 2024-12-31 | $1.61 | $2.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NextTrip Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -137.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2018.28%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.35x
- Recent ROE (-137.41%) is above the historical average (-870.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -1231.07% | -472.22% | 0.60x | 4.38x | $-6.03K |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.18K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.56K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.06K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.32K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.28K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.48K |
| 2010 | -98.05% | -84.64% | 1.05x | 1.10x | $-464.98K |
| 2011 | -15842.11% | -114.14% | 138.79x | 1.00x | $-910.70K |
| 2012 | -122.91% | -69.49% | 1.43x | 1.24x | $-741.34K |
| 2013 | -57.34% | -68.52% | 0.75x | 1.11x | $-862.15K |
| 2014 | -45.35% | -567.88% | 0.07x | 1.19x | $-3.80 Million |
| 2015 | -14.39% | -137.37% | 0.10x | 1.08x | $-2.88 Million |
| 2016 | -9.31% | -227.32% | 0.04x | 1.10x | $-4.56 Million |
| 2017 | -29.72% | -690.20% | 0.04x | 1.10x | $-5.91 Million |
| 2018 | -21.02% | -1434.52% | 0.01x | 1.11x | $-8.23 Million |
| 2019 | -969.09% | -1570.61% | 0.24x | 2.59x | $-6.39 Million |
| 2020 | -100.71% | -643.99% | 0.14x | 1.10x | $-5.72 Million |
| 2021 | -57.42% | -447.07% | 0.12x | 1.08x | $-8.67 Million |
| 2022 | -171.29% | -1378.81% | 0.11x | 1.12x | $-9.20 Million |
| 2023 | -234.40% | -1598.28% | 0.09x | 1.63x | $-7.64 Million |
| 2024 | -137.41% | -2018.28% | 0.05x | 1.35x | $-10.86 Million |
Industry Comparison
This section compares NextTrip Inc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $3,542,965,805
- Average return on equity (ROE) among peers: 3.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NextTrip Inc (NTRP) | $6.28 Million | -1231.07% | 1.30x | $37.32 Million |
| Airbnb Inc (ABNB) | $4.78 Billion | -7.37% | 1.87x | $60.00 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $6.37 Million | 14.92% | 0.57x | $12.72 Million |
| Booking Holdings Inc (BKNG) | $146.71 Million | -4.98% | 0.79x | $134.32 Billion |
| Carnival Corporation (CCL) | $4.42 Billion | 18.92% | 0.62x | $33.03 Billion |
| Carnival Plc ADS (CUK) | $24.44 Billion | 12.90% | 0.73x | $3.89 Billion |
| Despegar.com Corp (DESP) | $-94.41 Million | 0.00% | 0.00x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $207.50 Million | 0.00% | 0.32x | $29.30 Billion |
| Global Business Travel Group Inc (GBTG) | $1.68 Billion | 7.97% | 0.84x | $2.83 Billion |
| Inspirato Inc (ISPO) | $-154.70 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $22.52K | -11.00% | 6.66x | $1.03 Billion |
About NextTrip Inc
NextTrip, Inc., a technology-driven travel company, develops an integrated travel booking and media platform to connect leisure, group, and business travelers in the United States and internationally. The company offers NXT2.0, a booking engine platform that enables to book customized travel options. Its product portfolio consists of NextTrip Leisure, a booking engine for customized vacation pack… Read more